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Strategies & Market Trends : Value Investing

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To: a128 who wrote (26484)4/7/2007 4:11:50 AM
From: Madharry  Read Replies (2) of 78731
 
Let me count the ways this is not good news for ahm shareholders:
1. release on a day when markets are closed

2. reduced dividend coupled with caution that there is no obligation to pay a future dividend.

3. first acknowledgement that they need to increase the loss reserve

4. first acknowledgement that they are having problems and having to repurchase alt-a loans.

5. willingness to predict full year earnings but cautioning against accuracy of first quarter earnings? I dont know how they can possibly project earnings going forward.

I dont think any savvy investor is going to try to guess where this one ends up. I expect a dash for the exits early next week.
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